First Merchants Co. (NASDAQ:FRMEP) Declares Quarterly Dividend of $0.47

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.4688 per share on Wednesday, May 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Monday, April 29th.

First Merchants Stock Performance

Shares of NASDAQ:FRMEP opened at $25.45 on Friday. First Merchants has a 52 week low of $21.64 and a 52 week high of $26.43. The company has a 50-day moving average price of $25.28 and a 200 day moving average price of $24.69.

First Merchants Company Profile

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.